IDFC Mutual Fund has announced a dividend of 0.6% i.e. Rs 0.06 per unit on the face value of Rs 10 in its open-ended equity scheme Standard Chartered Arbitrage Fund Plan A and Plan B. The objective of the scheme is to generate capital appreciation and income by predominately investing in arbitrage opportunities in the cash and derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments.
The record date for the same has been fixed as 12 June 2008. The NAV under Plan A of the scheme was Rs 10.4286 and that of under Plan B was Rs 10.5097 as on 5 June 2008.
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